1617 27th St - Apartments FOR SALE
Lubbock, TX 79411 |
1617 27th St
Lubbock, TX 79411
HIGHLIGHTS
- Property tours are available by appointment only. Please contact the listing broker to schedule.
- The Park Tower apartments provide a value-add 15-story, 99-unit multifamily property near downtown Lubbock and less than five minutes off I-27.
- Owner-managed since 2004 | Massive upside for an investor to use a new management strategy to complete deferred maintenance and increase occupancy.
- Five local colleges and universities with more than 60,000 students, including Texas Tech with 43,000 undergraduates located just 1 mile away.
- Sits in a thriving multifamily submarket, with rents growing more than 11% over the past three years and limited new deliveries.
- 50% of the 5-mile population of more than 177,000 currently rent homes, providing a substantial pipeline of future residents.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Value-Add Apartments near Texas Tech and I-27
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Hi-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
174408.941
STORIES
15
YEAR BUILT
1967
PARKING SPACES
125
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
R73545
